Ranson said holding WP funds was "foreign" - papers 11th May

In the latest round of court evidence, Ranson argued the policy was fair and the insurer believed policyholders should receive all the returns on their savings rather than their cash being used to build up a pool of reserves like rival companies. He told the court: "The thought of holding anything back I find so foreign I can't get my mind around it." At the same time as Ranson gave evidence, the Guardian reports Equitable Life was urged to drop part of its £1.7bn claim against 15 former directors. Laurence Rabinowitz QC, who represents six of the former non-executive directors, as...